Unstable Tether vs MemeCore

MemeCore (M) is 58323.4× the size of Unstable Tether (USDUT) by market capitalisation. Over the past 30 days, M is ahead by 2.8 percentage points (USDUT -28.2% against M -25.3%). Their daily returns move barely together (correlation 0.01 across 25 shared trading days). Both have run at a similar volatility, around 110% annualised.

Correlation: 0.01
Size ratio: 1 : 58323.4
Ahead over 30 days: M

Unstable TetherUSDUT

$3.227e-5

24h: +4.78%
Market cap: $32,255
Volume 24h: $631
Volatility (ann.): 113%

MemeCoreM

$0.819888

24h: -1.52%
Market cap: $1.88B
Volume 24h: $1.99M
Volatility (ann.): 107%

USDUT 0.0%Share of the two combined market caps100.0% M

Performance

USDUTM

7 days-13.46%-20.13%USDUT
30 days-28.15%-25.32%M

Correlation

0.01over 25 shared trading days

−1 opposite0 unrelated+1 in step

7d: insufficient data30d: 0.0190d: insufficient data1y: insufficient data

Measured on daily returns rather than on prices. Two assets that both simply trend upward score near 1.0 on raw prices whether or not they move together, so returns are what answer the question people mean by correlation.

Risk & extremes

Metric	USDUT	M
Max drawdown (400d)	-31.3%	-41.1%
Risk-adjusted return (90d)	-0.27	-0.27

Relative strength over 90 days: M outperformed USDUT by 16.2% — measured on the USDUT/M ratio, so it holds regardless of market direction.

Unstable Tether →MemeCore →